Spanx Founder Sara Blakely Started an Apparel Company

question 53

Multiple Choice

Spanx founder Sara Blakely started an apparel company.She wrote a business plan to get financing for expansion.The business plan is Spanx's ____.

• A) tactical goal
• B) strategic plan
• C) operational goal
• D) operational plan
• E) strategic goal

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Definitions:

Cash Dividend

A cash distribution of earnings by a corporation to its shareholders.

Note Payable

Note payable is a written promise to pay a specified amount of money, often with interest, by a certain date, serving as a formal loan agreement between a borrower and a lender.

Factory Equipment

Durable goods or machinery used in manufacturing processes, typically involving production or maintenance tasks.

Indirect Method

A type of cash flow reporting in financial statements where net income is adjusted for changes in balance sheet accounts to calculate the cash flow from operating activities.